Back to the Future – the Marginal Utility of History in Economics

Eivind Merok () and Nils August Andresen ()
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Eivind Merok: Researcher at the Departement of Archeology, Conservation and History
Nils August Andresen: Researcher at Econ Pöyry

Nordic Journal of Political Economy, 2007, vol. 33, 3

Abstract: Economics and economic history share many fundamental research problems and have a rich shared intellectual history. Still, works by economic historians are rarely read or referenced in economics. In this essay we attempt to identify the cost of this negligence. In particular, we argue that a restrictive understanding of the economic research programme excludes available evidence and precludes analysis of complex situational constraints on economic decision-making.

JEL-codes: A12 B1 B2 B4 (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:noj:journl:v:33:y:2007:p:3

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